|
| |
| 2nd Quarter Financial Highlights -
2006 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
| At
June 30th |
|
2006
|
|
2005
|
|
Variance
|
| Total
Assets |
$ |
325,973 |
|
277,506 |
|
17.47% |
| Federal
Funds Sold |
|
17,277 |
|
16,024 |
|
7.82% |
| Securities |
|
31,662 |
|
21,462 |
|
47.53% |
| Loans,
net of unearned income |
|
254,030 |
|
216,662 |
|
17.25% |
| Reserve
for Loan losses |
|
2,681 |
|
2,175 |
|
23.23% |
| Deposits |
|
281,241 |
|
241,120 |
|
16.64% |
| Borrowings |
|
10,313 |
|
3,327 |
|
209.97% |
| Stockholders'
equity |
|
26,428 |
|
22,868 |
|
15.57% |
| |
|
|
|
|
|
|
|
| Book
value per share |
$ |
13.14 |
|
11.83 |
|
|
| Market
value per share |
|
27.00 |
|
19.00 |
|
|
| Common
shares outstanding |
|
2,010,974 |
|
1,932,565 |
|
4.06% |
| |
|
|
|
|
|
|
|
| Non-performing
loans |
$ |
0 |
|
11 |
|
|
| Reserve
for loan losses/non-performing loans |
|
N/A
|
|
19776.87%
|
|
|
| Non-performing
loans/loans |
|
0.00% |
|
0.01% |
|
|
| Allowance
for loan losses/total loans |
|
1.06% |
|
1.00% |
|
|
| 2nd Quarter Income Statement -
2006 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
|
|
|
Three Months Ended June 30th
|
|
|
Six Months Ended June 30th
|
| Earnings |
|
2006
|
|
2005
|
|
%Change
|
|
|
2006
|
|
2005
|
|
%Change
|
| Net
Interest Income |
$ |
2,965 |
|
2,368 |
|
25.20% |
|
$ |
5,842 |
|
4,473 |
|
30.60% |
| Provision
for loan losses |
|
0 |
|
140 |
|
-100.00% |
|
|
16 |
|
345 |
|
-95.36% |
| Noninterest
income |
|
257 |
|
204 |
|
26.02% |
|
|
473 |
|
380 |
|
24.50% |
| Other
expense |
|
2,009 |
|
1,633 |
|
23.01% |
|
|
3,975 |
|
3,150 |
|
26.18% |
| Provision
for income tax |
|
428 |
|
292 |
|
46.65% |
|
|
823 |
|
495 |
|
66.35% |
| Net
Income |
|
785 |
|
507 |
|
54.81% |
|
|
1,501 |
|
863 |
|
73.90% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share
Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings
per share:* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
0.39 |
|
0.26 |
|
49.29% |
|
|
0.77 |
|
0.45 |
|
71.44% |
| Weighted
average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
2,003,617 |
|
1,932,260 |
|
3.69% |
|
|
1,958,924 |
|
1,931,263 |
|
1.43% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performance
Ratios |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Based
on net income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
0.96% |
|
0.76% |
|
|
|
|
0.93% |
|
0.68% |
|
|
|
Return on average equity |
|
12.98% |
|
9.01% |
|
|
|
|
12.60% |
|
7.76% |
|
|
| Net
interest margin |
|
3.51% |
|
3.53% |
|
|
|
|
3.55% |
|
3.49% |
|
|
| Efficiency
ratio |
|
61.52% |
|
63.51% |
|
|
|
|
62.28% |
|
64.90% |
|
|
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to Investor Relations
|
